They’re . . . . . baaaaaaack (low mortgage rates).

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They’re . . . . . baaaaaack (low mortgage rates).

With all of the scary things going on with the economy and markets, the market took in some good news this week with the announcement from the Feds that they would purchase $600 billion dollars in mortgage related assets.  This promise of an influx of dollars in to the mortgage market, caused mortgage rates to dip a 0.5% from Monday to Tuesday alone.

If you are a client of mine and we have not discussed your optimum target refi rate and entered it in to the myRateTrack.com system, then we need to talk as soon as possible.  To start tracking your mortgage refinance options and to set a target refi rate so that you will be alerted when it’s time to take action, use the PROMO code “the mortgage blog” to enter the myRateTrack.com system for free. 

 

Jeffrey Pinkerton is a Mortgage Consultant and President of Hillside Lending, LLC and writer for “the Mortgage Blog.”  Hillside Lending seeks to provide mortgage brokerage services with the highest standards of service, care, honesty, integrity and value; concentrating on owner-occupied, residential financing.  For more information about available programs and interest rates, please visit www.hillsidelending.com.

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